Raymond James raised the firm’s price target on Associated Banc-Corp (ASB) to $30 from $29 and keeps an Outperform rating on the shares. Core trends were solid in Q3, with fees outperforming and healthy credit trends driving a smaller loss provision and EPS upside, the analyst tells investors in a research note. Shares remain poised to narrow the valuation discount to peers over time, the firm argues.
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